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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.033 -0.017 (-34%)+
Announcement
Release
28 Oct 2025 8:53AM
Price at Release
$0.050
Full Release
download
Summary
Heavy Rare Earths Limited has completed the acquisition of the Prospect Hill Tin Project, which includes all mineral rights. This project is known as the largest and most advanced tin project in South Australia. The acquisition builds on an existing agreement with Havilah Resources Limited, allowing HRE to expand from uranium-only mineral rights to all minerals. The strategic acquisition includes a rich geological database, with significant tin mineralization identified at the South Ridge prospect. HRE plans to fast-track further exploration to establish a maiden mineral resource estimate at South Ridge, leveraging over 56 drill holes and metallurgical testwork data. This move diversifies HRE's exposure to critical minerals, aligning with global demand for commodities such as tin, scandium, and rare earth elements.
Key Points
  • Acquisition of the Prospect Hill Tin Project by HRE
  • HRE now holds all mineral rights, expanding beyond uranium
  • Located in the Curnamona Craton, South Australia
  • South Ridge prospect identified as highly prospective
  • Rich geological data set available from past operators
  • Plan to fast-track mineral resource estimation at South Ridge
  • Project enhances HRE's strategic position in critical minerals
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.